FD Calculator
Calculate the maturity amount and interest earned on a fixed deposit (FD) with simple or compound interest and any compounding frequency.
Examples
Quarterly compounding is the default example. Use the rate, compounding method and payout terms quoted by your bank.
TDS rule · Income-tax Act Section 194A · Effective 2025-04-01 · Checked 2026-07-21. Bank threshold: ₹50,000 for other depositors and ₹1,00,000 for senior citizens, based on interest credited or paid in each financial year. This view allocates modelled compound growth by financial year; reconcile it to the bank certificate. TDS is not final tax liability; report interest at your applicable tax slab.
Financial-year TDS view
Year-by-year maturity
Export options
Monthly investing? SIP calculator · tax-free PPF: PPF calculator · simple vs compound: Simple interest.
How fixed deposits work
You lock a lump sum for a fixed term at a quoted rate. This calculator models cumulative compound interest; actual booking, payout, premature-withdrawal and compounding terms come from your bank.
FAQ
How is FD maturity calculated?
With compound interest: A = P × (1 + r/n)^(n·t). Most Indian banks compound quarterly.
What about TDS on FD interest?
From 1 April 2025, the bank TDS threshold is ₹50,000 per financial year, or ₹1,00,000 for senior citizens. Banks generally aggregate interest across your deposits. TDS is not your final tax liability; reconcile interest at your applicable tax slab.
How are partial years handled?
The maturity result and schedule use the same fractional term. For example, a 1.25-year deposit has a final three-month row instead of being projected through year two.
Can I add a maturity reminder?
Yes — choose the deposit date and download the .ics file. Calendar-month addition is clamped to the target month end, so a deposit opened on 31 January for six months matures on 31 July.
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